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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Ps Multiple | 4.0x - 4.5x | 4.3x |
Selected Fwd Ps Multiple | 4.2x - 4.7x | 4.4x |
Fair Value | ARS 1,620 - ARS 1,791 | ARS 1,705 |
Upside | -11.0% - -1.6% | -6.3% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
Deyaar Development PJSC | - | DFM:DEYAAR |
Zvi Sarfati & Sons Investments & Constructions Ltd. | - | TASE:SRFT |
Comstock Holding Companies, Inc. | - | NasdaqCM:CHCI |
Egyptians for investment & Urban development | - | CASE:EIUD |
Comprehensive Land Development and Investment Company (P.L.C) | - | ASE:ATTA |
Consultatio S.A. | - | BASE:CTIO |
Select Price / LTM Sales Ratio | ||||||||
Benchmark Companies | ||||||||
DEYAAR | SRFT | CHCI | EIUD | ATTA | CTIO | |||
DFM:DEYAAR | TASE:SRFT | NasdaqCM:CHCI | CASE:EIUD | ASE:ATTA | BASE:CTIO | |||
Historical Sales Growth | ||||||||
5Y CAGR | 20.2% | 30.3% | 15.2% | 30.3% | 52.5% | 102.5% | ||
3Y CAGR | 44.9% | -4.9% | 18.2% | 53.5% | 99.2% | 79.4% | ||
Latest Twelve Months | 37.5% | 37.6% | 18.4% | 193.2% | 622.6% | 159.5% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 10.4% | 14.9% | 23.2% | 59.7% | -32.0% | 6.2% | ||
Prior Fiscal Year | 35.1% | 11.1% | 17.4% | 13.1% | -10.0% | 124.1% | ||
Latest Fiscal Year | 31.3% | 10.7% | 28.4% | 40.7% | 4.8% | -47.7% | ||
Latest Twelve Months | 30.2% | 9.0% | 28.4% | 39.6% | 3.8% | 6.1% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 4.9x | 14.3x | 10.2x | 90.8x | 12.8x | 73.0x | ||
Price / LTM Sales | 2.6x | 1.7x | 2.7x | 13.1x | 1.8x | 4.6x | ||
LTM P/E Ratio | 8.7x | 18.8x | 9.5x | 33.0x | 47.0x | 76.3x | ||
Low | Mid | High | ||||||
Benchmark LTM P/S Ratio | 1.7x | 2.6x | 13.1x | |||||
Historical LTM P/S Ratio | 3.1x | 4.5x | 26.8x | |||||
Selected Price / Sales Multiple | 4.0x | 4.3x | 4.5x | |||||
(x) LTM Sales | 160,580 | 160,580 | 160,580 | |||||
(=) Equity Value | 648,675 | 682,816 | 716,957 | |||||
(/) Shares Outstanding | 409.9 | 409.9 | 409.9 | |||||
Implied Value Range | 1,582.49 | 1,665.78 | 1,749.07 | |||||
FX Rate: ARS/ARS | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 1,582.49 | 1,665.78 | 1,749.07 | 1,820.00 | ||||
Upside / (Downside) | -13.0% | -8.5% | -3.9% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | DEYAAR | SRFT | CHCI | EIUD | ATTA | CTIO | |
Value of Common Equity | 4,595 | 790 | 151 | 369 | 8 | 746,030 | |
(/) Shares Outstanding | 4,375.8 | 17.4 | 10.1 | 1,500.0 | 10.0 | 409.9 | |
Implied Stock Price | 1.05 | 45.41 | 14.95 | 0.25 | 0.77 | 1,820.00 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 1.05 | 45.41 | 14.95 | 0.25 | 0.77 | 1,820.00 | |
Trading Currency | AED | ILS | USD | EGP | JOD | ARS | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |